Procedure on receipt of application

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....llow the application where the question raised in the application,- (i) is already pending before any income-tax authority or Appellate Tribunal [except in the case of a resident applicant falling in sub-clause (iii) of clause (b) of section 245N] or any court; (ii) involves determination of fair market value of any property; (iii) relates to a transaction or issue which is designed prima facie for the avoidance of income-tax [except in the case of a resident applicant falling in sub-clause (iii) of clause (b) of section 245N 4[****] 5[or in the case of an applicant falling in sub-clause (iiia) of clause (b) of section 245N]]] Provided further that no application shall be rejected under this sub-section unless an opportunity has been....

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.... sent to the applicant and to the 6C[Principal Commissioner or] Commissioner, as soon as may be, after such pronouncement.] 7[(8) On and from such date as the Central Government may, by notification in the Official Gazette, appoint, the provisions of this section shall have effect as if for the word "Authority", the words "Board for Advance Rulings" had been substituted and the provisions of this section shall apply mutatis mutandis to the Board for Advance Rulings as they apply to the Authority. (9) The Central Government may, by notification in the Official Gazette, make a scheme for the purposes of giving advance rulings under this Chapter by the Board for Advance Rulings, so as to impart greater efficiency, transparency and accou....